---
schema_version: "secwatch.filing_event.v1"
accession: "0000737468-23-000041"
form_type: "8-K"
ticker: "WASH"
cik: "0000737468"
company_name: "WASHINGTON TRUST BANCORP INC"
filed_at: "2023-09-27T23:59:59+00:00"
generated_at: "2026-06-10T08:25:26.150427+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Washington Trust settles DOJ fair lending probe; to provide $7M in loan subsidies, $2M outreach

## Summary
- Settlement resolves DOJ allegations of fair lending violations in RI from 2016-2021 without civil penalties.
- Washington Trust to provide $7M in mortgage loan subsidies and $2M for community outreach over five years.
- Company to open two full-service branches in specific RI census tracts, including previously announced Olneyville branch.
- Washington Trust vehemently denies allegations, settled to avoid litigation expense.
- Settlement subject to U.S. District Court for Rhode Island approval.

## SEC filing metadata
- accession: 0000737468-23-000041
- form_type: 8-K
- ticker: WASH
- cik: 0000737468
- company_name: WASHINGTON TRUST BANCORP INC
- filed_at: 2023-09-27T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737468/000073746823000041/0000737468-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737468/000073746823000041/wash-20230927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737468-23-000041
- JSON: https://secwatch.observer/filing/0000737468-23-000041.json
- Plain text: https://secwatch.observer/filing/0000737468-23-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.